Volta Automotive India, has entered into a joint venture agreement with Chinese Company, Funeng Group. According to this JV, Funeng will invest US$ 70 Million over a period of 3 years in Volta Automotive India Pvt Ltd., Additionally, Funeng will work with Volta in setting up Lithium Ferro Phosphate (LiFePO4) batteries manufacturing plant in India in the next two years to support the electric vehicles manufacturing industry in India.
Source = Times of India, Economic Times, News Dog
Date = 03rd November 2016
Video URL = https://www.youtube.com/watch?v=CtVB9-jBo1U